HP 113394 User Guide - Page 256
Modified Internal Rate of Return, Advance Payments, Interest Rate Conversions
UPC - 808736340502
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256 Appendix E: Formulas Used DPNj = RBVj − 1 ⋅ FACT 100L for j ≠ 1 Modified Internal Rate of Return n = number of compounding periods. NFVP = Net future value of the positive cash flows. NPVN = Net present value of the negative cash flows. ⎡ 1⎤ MIRR = 100 NFVP − NPVN n − 1 Advance Payments A = number of payments made in advance. PMT = PV − FV (1+ i)−n ⎡1− (1+ i)−(n−A) ⎢ ⎢⎣ i + ⎤ A⎥ ⎥⎦ Interest Rate Conversions C EFF NOM = number of compounding periods per year. = the effective annual interest rate as a decimal. = the nominal annual interest rate as a decimal. Finite Compounding EFF = ⎜⎛1+ NOM ⎟⎞C − 1 ⎝ C⎠ Continuous Compounding EFF = (eNOM − 1) File name: hp 12c pt_user's guide_English_HDPMF123E27 Page: 256 of 275 Printed Date: 2005/8/1 Dimension: 14.8 cm x 21 cm